reporter: the federal reserve just made history announcing that they re raising interest rates by 3/4 of a percentage point for the second meeting in a row. we haven t seen anything like that in back to back meetings in modern fed history, but we re not in nor times. we re dealing with the worst inflation inflation prices in 40 years. inflation remains elevated due in part to russia s invasion of ukraine and very high food and energy prices. so the fed is stepping in and acting like the firefighter. they re trying to put this inflation fire out. the goal here is to raise borrowing costs and try to cool off red hot demand, and that should hopefully allow supply a chance to catch up. but you know, officials also signaled that they re not nearly done with rate hikes. they said it would, quote, will be appropriate to continue raising interest rates. and here s the problem. they re raising rates into an economy that is already showing cracks here. in the new statement today, the
and the indian adaptation of the hollywood classic forrest gump is released next week. we hear from the bollywood superstar aamir khan. it kind of feels like it is a dream now because it has been such a long journey and we have come to the end and it feels a bit unreal. live from our studio in singapore, this is bbc news. it s newsday. it s eight in the morning in singapore, and 9:00am in tokyo where japan is demanding an immediate end to china s military exercises around taiwan, after five chinese missiles landed injapan s exclusive economic zone. the us national security spokesman, john kirby said beijing had no reason to act aggressively. beijng, you ll remember, is conducting live firing exercises in the sea around taiwan for the next several days, in response to a recent visit there by the senior us politician, nancy pelosi. from taiwan, rupert wingfield hayes reports. it began with this barrage of rockets streaking into the sky from the southeast coast of china. it s th
this is bbc news. we will have the headlines and all the main news stories for you at the top of the hour, straight after this programme. coming up this week, i am on the greek island of evia, a year on from the devastating forest fires. look at these guys! look at them go! and taking a dip in natural hot springs built for the gods. 0h! that s so hot! we are off to denmark to take a look at the ancient treasure rewriting histories there. and nick s in istanbul, testing his artistic skills. oh, there it is. 0h, we need lips. the island of evia, the second largest island in greece after crete, famed for its verdent mountaintops, blue seas and glorious sunshine. but in the summer of 2021, that idyllic picture was turned on its head. last year in early august, temperatures were hitting over 47 celsius in greece. the forest became a tinderbox and evia burned for over ten days. many scientists say that climate change makes events like this more likely. been sent some pictures of th
for falsely claiming it was a hoax. now on bbc news, the art of cutting carbon. environment analyst roger harrabin reports on the endeavours of british artists working to highlight the amount of carbon dioxide emitted by the big industries around us. the power of invention will protect us from climate catastrophe, say the optimists. smart technologies will reduce the clouds of carbon dioxide emissions from the industries that make the materials surrounding us. at least, that s the hope. i m now going to introduce you to an invention that is so bold, so brilliant and so extraordinary that you will think it is a trick. hear that sound 7 that s the sound of ink coming out of the page. but can carbon cutting inventions be developed in time? are you sure this is safe, yeah? it s safe. it s safe, 0k. so here we go. and can art help to draw attention to the challenges ahead? we ve been using car panels . and various scrap bits of metal that have become this beautiful bit of work, i